interiors & architecture

Industry Overview

Talk about world class structures and skyscrapers that adorn the landscape of countries around the world, talk about record breaking design structures like the Opera House in Sydney, Austria, the Taj Mahal in India, the Petronas Twin Tower building in Kuala Lumpur, Malaysia; the Burj Khalifa in Dubai –  talk architecture at its best. [expand title=”…more”]

In the same vain, talk about beautiful aesthetic design, furniture and settee, decoration and lightings – talk interior design at its best. This industry brings out the aesthetics of the world both within and without; and it adds a resplendent beauty to the world’s outlook.

However, the evolution  experienced in this sector have increasingly affected it’s statistical data. In Asian Pacific countries and India, more individuals are getting involved and also adding a beautiful spice to this industry. Interior architecture graduates are carrying out exceptional works and cooking up designs that will, in the next couple of years, cause a revolution in the industry.

The interior and architectural design industry entails the processes of building , drawing up plans and other aspects that has to do with structural space management. In most climes, these two aspects are treated separately and holistically. Whereas in other places, they are seen together as an indivisible pair. Whichever case that is represented, the job description never changes. As a beautiful rendition of aesthetic creativity, the industry also demands a large portion of carefulness and technicality.

Undoubtedly, shelter is one of the basic necessity of man. People go out on a daily basis to source for means of livelihood. As they go out during the day, it is expected that at the end of the day’s activities , they’d go to their respective places of shelter and comfort. In like manner, institutions such as schools, companies, hotels, places of worship, all require a befitting place that will both serve as a workplace or a place where people can gather and achieve the aim behind the establishment of that institution. The need for these places, invariably requires the service of practitioners in the interior and architecture industry.

Interior and architecture tends to create a relatable balance in art and science. The art of creating beauty out of nothing, positioning of interior designing equipments. And then, the science of designing and drawing up building plans for structures; the various component these structures will carry and also taking into proper account all elements that will come in handy in the building process. There is also other aspects of environmental management and Master plan development (which involves how structures will be built so as not to pose any threat to the environment). How the community can be planned to be beautiful and eco friendly at the same time.

According to Chris Donatelli, “in theory, architects and interior designers are highly trained professionals  with comprehensive knowledge in architectural principles”. He further stated that historically speaking, these two groups study different disciplines. Architecture is a highly regulated filed. Above anything else, architects must design homes that are safe for the occupants. Because architects work with the main structure of a home, they are authorized to make changes to it. Interior designers are allowed to Change the parts of a home that do not interfere with it’s actual structure”.

Statistics

We have been marked as a potential third largest construction market by 2030. The furniture market alone is worth more than 8 billion US dollars as at the time of this write-up, and this market has been witnessing a 50% growth year on year since 2010. Since this industry has so many major industries underneath it, to calculate the full market value could be cumbersome. Running with this, we will be highlighting one part of this industry, and that is the construction industry.

Source: Construction Intelligence Center

We are the second largest growing continent in this sub-industry and the fastest growing in interiors and architecture. For the construction market, Asia-Pacific’s share of the global construction industry will continue to rise, reaching close to 49% in 2020, up from 40% in 2010. India is one of the top three countries in this region that contributed to the global rate. Seeing the forecast of $10 trillion, 49% of that is $4.9 trillion and with a top market share in this, we have already been positioned to excel. We forecast a continuous growth. In addition to the input of technology and 3D designs, we know that this industry is one to not ignore. You can therefore imagine adding the figures of interior design, architecture, design and surveying in it.

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